medium · Elliott Wave Theory
An analyst identifies a converging 5-wave wedge in the Wave 5 position. Wave 1 is 40 points, Wave 3 is 30 points, and Wave 5 is 20 points. Wave 4 overlaps Wave 1.
If the pattern is an ending diagonal, which internal structural characteristic confirms the expected sharp reversal back to the origin is imminent?
- All five internal waves subdivide into three-wave corrective structures
- Waves 1, 3, and 5 subdivide into five-wave impulse structures
- The volume increases significantly on the Wave 5 thrust
- Wave 3 is the longest of the three motive waves
Sign up free to see the explanation and track your rank →
More Elliott Wave Theory practice
- In a five-wave advance, Wave 1 is 10 points long, Wave 3 is… — How should this count be co
- A commodity price moves from $80 to $96, pullbacks to $88, t… — If an analyst identifies t
- Which is more likely?
- According to the Swing Count Validation technique, what should the trader conclude?
- Based on common Fibonacci relationships, how far might Wave C drop from the end of Wave B?
- An analyst sees a 'Close-Below-Prior-Swing Test' fire when p… — What does this likely sign
- According to the 'Fourth-Wave Target Zone' guideline, where is a correction most likely to
- According to the Guideline of Alternation, what should you expect for Wave 4?